Guideline Value for SATHIYAPURAM

Sathiyapuram guideline value

The current guideline value of Sathiyapuram is Rs 330 per sq.ft, effective from 1 July 2024. Sathiyapuram is located in Nanthiambakkam village, under the Thiruvottiyur SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Sathiyapuram has changed

The guideline value for Sathiyapuram has undergone several revisions over the years. In 2002, the guideline value was Rs 28 per sq.ft. This increased to Rs 32 per sq.ft in 2003, marking a 14% rise. The value saw further increases, reaching Rs 50 per sq.ft in 2007, which was a significant 500% increase from the previous revision. However, it dropped to Rs 300 per sq.ft in 2012, reflecting a decrease of 33%. The value then rose to Rs 201 per sq.ft in 2017, a 49% increase. The most recent revision in 2023 set the value at Rs 300 per sq.ft, and the current value of Rs 330 per sq.ft in 2024 represents a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1079%. There are no figures available for the revisions in years not listed for this street.

Guideline values in Nanthiambakkam

In Nanthiambakkam, there are 85 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 275 to Rs 770 per sq.ft. The median guideline value for these streets is Rs 330 per sq.ft, which is equal to the current guideline value of Sathiyapuram.

• Saraswathi Nagar: Rs 330 per sq.ft (2024)
• Sakthi Nagar: Rs 330 per sq.ft (2024)
• Sharmila Nagar: Rs 330 per sq.ft (2024)
• Sivasakthi Nagar: Rs 330 per sq.ft (2024)
• Ranjith Rajan Nagar: Rs 330 per sq.ft (2024)
• Ranga Nagar: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Sathiyapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value would be Rs 3,30,000. The stamp duty at 7% would amount to Rs 23,100, and the registration fee at 2% would be Rs 6,600. Therefore, the total cost for stamp duty and registration fees together would be Rs 29,700. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sathiyapuram?

The Sub Registrar Office that covers Sathiyapuram is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Nanthiambakkam

The guideline value is a crucial factor during the registration process of property transactions in Nanthiambakkam. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps in determining the legal framework for the transaction. Buyers and sellers must be aware of the current guideline value to accurately assess their costs and obligations during the registration process.

Frequently asked questions

What is the current guideline value of Sathiyapuram?

The current guideline value of Sathiyapuram is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 28 per sq.ft in 2002 to Rs 330 per sq.ft in 2024, reflecting an overall increase of 1079% over this period.

What are the other streets in Nanthiambakkam with the same guideline value?

Other streets in Nanthiambakkam with a guideline value of Rs 330 per sq.ft include Saraswathi Nagar, Sakthi Nagar, Sharmila Nagar, Sivasakthi Nagar, Ranjith Rajan Nagar, and Ranga Nagar.

What fees are associated with property registration in Sathiyapuram?

The fees associated with property registration in Sathiyapuram include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sathiyapuram?

The Sub Registrar Office for Sathiyapuram is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.